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Volkswagen Suffers More Than Rivals From Auto Industry Woes

By: Jack Ewing β€”
The German automaker’s sales in the United States plunged last year, hit by tariffs and the end of tax credits for electric vehicles.

Electric vehicles at a Volkswagen plant in Dresden, Germany. The company is an extreme example of how difficult it has been for foreign automakers to cope in the U.S. car market.

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Trump Calls for 10 Percent Credit Card Interest Cap, After Killing Other Fee Limits

By: Stacy Cowley β€”
The president revived a campaign promise he has not actively pursued since taking office.

President Trump at the White House on Friday.

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How Do You Afford Life in New York City?

By: Eliza Shapiro β€”
The New York Times is looking to talk to New Yorkers about how they budget, splurge and save in one of the most expensive cities in the world.

The high cost of living in New York City is a source of anxiety for many residents.

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Trade Chaos Causes Businesses to Rethink Their Relationship With the U.S.

By: Nadav Gavrielov β€”
From Sweden to Brazil, six small companies talk about how they are communicating with their U.S. customers amid uncertainty over Trump’s changing tariffs.

VΓ­ctor Feliu at his chocolate company in Mexico. The changing rules for sending goods to the United States have forced him to pause his U.S. shipments.

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How One German Toymaker Made Money Despite U.S. Tariffs

By: Melissa Eddy β€”
A combination of strategic planning, good timing and a long-awaited product helped the maker of electronic story boxes weather the onset of tariffs.

A popular audio player, Toniebox. Toy sales in the United States are up, despite new tariffs, which contributed to, on average, a 4 percent increase in retail prices, according to Circana, a marketing research firm.

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Small Businesses Brace for the Punishing Side Effects of Trump’s Tariffs

By: Patricia Cohen β€”
Large firms with big bank balances, workers already in jobs and households near the top of the income ladder will have an easier time navigating the economic waves.

Katrina Golden, at her coffee and cake shop, Lil Mama’s Sweets & Treats, inside the Veterans Affairs Medical Center in Augusta, Ga.

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Rising Inflation Underscores Risks in Trump’s New Tariff Threats

By: Tony Romm and Colby Smith β€”
New data showing price increases last month could foreshadow even higher costs if the president imposes steep tariffs on Aug. 1.
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Trump Administration Will Limit Medicare Spending on Pricey Bandages

By: Sarah Kliff and Katie Thomas β€”
In an about-face, the administration is cracking down on so-called skin substitutes, overused treatments that cost Medicare more than $10 billion last year.

Dr. Mehmet Oz, the Medicare and Medicaid administrator, in May. The Trump administration has twice delayed Biden-era rules to slash payments for expensive skin bandages.

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Southwest’s C.E.O. on Why Now Is the Time for Bag Fees and Assigned Seats

By: Jordyn Holman β€”
Bob Jordan recently introduced major changes to the way the low-cost airline works, which caused a stir among loyal fliers and left them wondering what sets it apart from competitors.

Bob Jordan joined Southwest Airlines in 1988 as a programmer, rising to chief executive in 2022.

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Tesla Shares Plunge as Elon Musk’s Political Role Grows More Divisive

By: Jack Ewing β€”
The automaker’s shares soared after Election Day as Elon Musk took a high-profile role as a Trump adviser. Now those gains have evaporated.

Demonstrators outside a Tesla dealership in Palo Alto, Calif., on Saturday.

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Trump’s Immigration Crackdown Could Disrupt St. Louis’s Growth Strategy

By: Lydia DePillis and Akilah Townsend β€”
Shrinking cities have tried to stabilize their populations with foreign-born residents. The strategy was working, until the inauguration.

Alaa Hasan Mari and his children are staying in a hotel while they await housing assistance from an organization that had its funding frozen after President Trump returned to office.

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So, You Want to Get Rid of the Penny. Do You Have a Plan for the Nickel?

By: Ben Blatt β€”
President Trump’s plan to eliminate the penny could save the government money, but there’s no guarantee.

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U.S. Makes Initial Offers in Medicare Drug Price Negotiations

By: Noah Weiland β€”
The offers amount to a starting gun in the price talks between the federal government and the makers of 10 prescription drugs that have been selected for negotiations.

The Biden administration has selected 10 medicines for price negotiations, including Farxiga, a drug from AstraZeneca for diabetes, heart failure and chronic kidney disease.

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U.S. Added 216,000 Jobs in December, Outpacing Forecasts

By: Talmon Joseph Smith β€”
Hiring has throttled back from 2021 and 2022, but last year’s growth was still impressive by longer-term standards.

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Extra Fees Drive Assisted Living Profits

By: Jordan Rau β€”
The add-ons pile up: $93 for medications, $50 for cable TV. Prices soar as the industry leaves no service unbilled. The housing option is out of reach for many families.

Anne Palm with her parents, Donald and Florence Reiners, when they both lived at the Waters of Excelsior, an assisted-living facility near Minneapolis.

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Behind the Gates of a Private World for Only the Wealthiest New Yorkers

By: Eliza Shapiro β€”
Although everyday life has become increasingly unaffordable for almost everyone, a new class of private, members-only and concierge services is emerging.

Zero Bond, Mayor Eric Adams’s favorite private club, is part of a new wave of members-only and concierge services catering to New York City’s wealthiest residents.

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NYC Seeks Payment for Trump Tower Clock Installed Without Permission

By: Sam Roberts β€”
The Trump Organization audaciously installed a distinctive clock on Fifth Avenue without applying for a permit or paying a fee. City inspectors never noticed.

A 16-foot clock with gold accents was installed without permission outside Trump Tower more than a dozen years ago.

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